{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-163137","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2026-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.832567+00:00","generated_at":"2026-05-15T05:25:40.965886+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.88,"calibrated_materiality_score":0.88,"confidence":"high","headline":"Hugoton Royalty Trust declares no April 2026 distribution, cites going concern, dismisses auditor","bullets":["No April 2026 cash distribution; no near-term distributions foreseen due to excess cost positions on all three conveyances.","Excess costs: Kansas $3.181M (incl. $333K interest), Oklahoma $15.409M (incl. $1.057M interest), Wyoming $11.305M (incl. $1.324M interest).","Dismissed Grant Thornton LLP as independent auditor on April 16, 2026; anticipates inability to file future SEC reports.","Trust cash reserve reduced by $97K; Trustee warns of going concern and may seek termination or sale of assets (requires 80% unitholder approval).","No distributions since July 2023; underlying Jan. 2026 production: 707,000 Mcf gas at $4.94/Mcf, 14,000 bbl oil at $56.66/bbl."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-163137","json":"https://secwatch.observer/filing/0001193125-26-163137.json","markdown":"https://secwatch.observer/filing/0001193125-26-163137.md","text":"https://secwatch.observer/filing/0001193125-26-163137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312526163137/0001193125-26-163137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312526163137/hgt_8-k_2604_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:25:40.965886+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}